Opal Residences Sells Condo At 346 Avenue U Brooklyn For $5.3M With Broker Jenny Braha Mizrahi
346 Avenue U
$5,300,000
$2,508/SF
Building Size
2,113 SF
Asset Type
Condo
Closing
Sep 4, 2024
About this deal
AI
The property asset involved in this transaction is a condo located at 346 Avenue U in Brooklyn. The sale price for the property was $5,300,000, and it has a square footage of 2,113, resulting in a price per square foot valuation of $2,508.
Summary of transaction details:
- Property Type: Condo
- Transaction Amount: $5,300,000
- Seller: Opal Residences - Redhoek - Lee Cohen
- Broker: Jenny Braha Mizrahi - JBM
Lee Cohen represents the seller, Opal Residences - Redhoek, in this transaction, while Jenny Braha Mizrahi from JBM serves as the broker facilitating the deal.
Players
Brooklyn Condo Market Snapshot
Boundary boundary · Condo · Sale transactions
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Deal FAQ
About $2.5K per square foot on a published $5.3M for 2,113 square feet (2024).
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
2.99%
Cash-on-Cash
-0.86%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93